FacebookInstagramTwitterContact

 

BORNEO HOUSING AGENCY: Terrace House in Bengkurong (B$190K, Property Chinese Owned) • Industrial Warehouse in Menglait, Gadong for Rent • Shop house in Gadong (Ground Floor) for Rent • Industrial Shops in Bunut for Sale • Land in Jerudong for Sale • Shop house in Kiulap for Sale (44 years lease, approx 5,000.00 per month rental) • Chempaka Terrace House for Rent (3 bedrooms, B$700.00 per month) • Shop house in Kiarong for Sale (B$380.00) • TEL: +6738732975, +6738839007           >>           Fully furnished office space for rent at Regus Brunei. Call +673-886-2879 or go to www.regus.com.bn           >>           Private Company Urgently Need Houses & Flats for Rent in Bandar Seri Begawan, Kindly Contact the ff. nos. for further information: 242-7623/+673 883-9007           >>           Wannacry Ransomware Causes Honda Plant To Shut Down           >>           NASA Goes All-Out With Livestreaming For This Summer's Total Eclipse           >>           Nike Will Team Up With Amazon To Fight Fake Kicks           >>           Emojis For Zombies, T-Rex And Colbert Are Almost Here           >>           Clinics Closed Due To Poor Business           >>           Meth Allegedly Mailed By RI Migrant Worker In Taiwan           >>           Geylang Plot Action A Wake-Up Call For Property Owners, Buyers: Experts           >>           Thrill Of Seeing Cristiano Ronaldo Outweighs Russia's Defeat For Host Fans           >>           Premier League needs proven winners like Dani Alves, Cristiano Ronaldo           >>           Women Political Prisoners Demand Acknowledgment Of Their Suffering           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


Letop Lebaran 2017
June 21st, 2017 | 10:00 AM


Sighting of the New Moon of Syawal
June 24th, 2017 | 15:00 PM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:35AM

Subuh

: 04:45AM

Syuruk

: 06:10AM

Doha

: 06:34AM

Zohor

: 12:23PM

Asar

: 03:49PM

Maghrib

: 06:34PM

Isyak

: 07:50PM

 



The Business Directory


 

 



Vietnam


  Home > Vietnam


PM Orders Transport Sector To Boost Infrastructure


A traffic jam on Hà Nội’s Láng Hạ Street. Easing traffic congestion is targeted as one of the major tasks of the transport sector in the second quarter of this year. — VNA/VNS Photo Hoàng Hùng

 


 March 18th, 2017  |  08:38 AM  |   597 views

HÀ NỘI

 

The national transport sector has been told to seek ways of developing infrastructure to catch up with the growing travel demand of Vietnamese people, despite a severe shortage of capital.

 

The order was issued by Prime Minister Nguyễn Xuân Phúc on Thursday when he chaired a meeting with the ministry’s representatives in an attempt to overcome a range of challenges faced by the sector.

 

Ministry data shows that the transport sector is in need of nearly VNĐ953 trillion (US$41.8 billion) by 2020. However, the real capital that the ministry has been allocated so far is about VNĐ210 trillion ($9.2 billion).

 

Speaking at the meeting, Phúc said that transport infrastructure plays a key role in the nation’s socio-economic development. Therefore, its development is vital, he added.

 

Phúc said mobilising private capital was one of the main solutions the ministry should consider.

 

Phúc said, in the past, when Việt Nam wanted to buy an airplane, the State-owned aviation agencies had to seek credits which would be guaranted by the Government. Now, we had a lot of airplanes bought by private firms without the Government’s guarantee. And it was still okay.

 

Additionally, Phúc pointed out shortcomings in policies that hindered the development of the sector. These policies were often not attractive enough to lure investors to join Public-Private-Partnership (PPP) projects.

 

Pressures caused by slow land clearance and high levels of compensation for resettlement and risks of exchange rate changes over the course of a project are believed to be additional reasons discouraging investors.

 

Phúc required the ministry and relevant agencies to fix the shortcomings in April.

 

Improving the quality of transport works was also one of the assignments Phúc gave the ministry at the meeting.

 

“Many investors bid to build a road, and they gain substantial profits, they allegedly only spend a small percentage of total capital investment,” he said.

 

This results in weak transport infrastructure.

 

“We must urgently come up with solutions. We cannot keep losing money like this,” he said.

 

Speaking on the continuing problem of overloaded trucks, Phúc said the heads of relevant ministries had to take responsibility for the lack of control.

 

At the meeting, he also told the ministry to stop the illegal exploitation of sand that affects waterway traffic, and violations related to level crossings to ensure railway traffic safety.

 

Traffic accidents kill 1,570 in 2 months

 

Data from the National Committee for Traffic Safety reported on Thursday afternoon that traffic accidents killed 1,570 people and injured 2,660 others within the first two months of this year across the country.

 

The figures recorded 20 fewer fatalities than the same period last year, and 707 fewer injuries.

 

Although the figures had dropped, tragic traffic accidents were still being recorded, Khuất Việt Hùng, vice chairman of the committee said at the meeting.

 

Hùng said the target for the second quarter of this year was to reduce traffic fatalities and injuries by 5-10 per cent.

 

In addition, controlling traffic jams in big cities was to be a major task, he added.

 

In a related movement, a fatal traffic accident on Thursday morning killed at least three people and injured 14 others in northern Hà Nam Province. The traffic accident turned a wedding into a tragedy when a van carrying the groom’s relatives crashed into a truck.

 

Speaking at the meeting, Deputy Prime Minister Trương Hòa Bình, said his thoughts were with the victims’ families. He sent his deep condolences to everyone affected by the incident. Bình also directed local authorities of Hà Nam to support the victims’ relatives and quickly investigate the cause of the crash. — VNS

 

 

 


 

Source:
courtesy of VIET NAM NEWS

by Viet Nam News

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


‘90:10 Achievable For Sabah Primary Schools’

 2017-06-22 08:29:16

Pentagon 'Wasted $28m' On Afghan Camouflaged Uniforms

 2017-06-22 08:34:31

Welcome to the Jungle: an MSCI Trader's Guide to China's Stocks

 2017-06-22 09:13:33